₹48.93 Crores | Listing at BSE, NSE | Mon, Jul 15, 2024 - Tue, Aug 13, 2024
Inventure Growth & Securities Ltd. Rights Issue comprises 21.00 Cr equity shares aggregating to ₹48.93 Cr, offered at an issue price of ₹2.33 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 5, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 4.
The term of payment is defined as following : Full amount has to be paid on the day of application;
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 21, 2024.
The Rights Issue opens on Jul 15, 2024, and closes on Aug 13, 2024, with renunciation of Rights Entitlements permitted up to Aug 7, 2024.
The deemed date of allotment is Aug 21, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 26, 2024 and listed at the NSE and the BSE on Aug 28, 2024.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Inventure Growth & Securities Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jul 5, 2024
Entitlement Ratio
1 : 4
Open Date
Mon, Jul 15, 2024
Close Date
Tue, Aug 13, 2024
Full amount has to be paid on the day of application;
Inventure Growth & Securities Ltd.'s revenue increased by 22.59% and profit after tax (PAT) rose by 29.6% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 327.01 | 277.26 |
| Revenue | 62.51 | 50.99 |
| Profit After Tax | 12.00 | 9.26 |
| Net Worth | 210.21 | 208.76 |
| Amount in ₹ Crore | ||
Incorporated in June 1985, Inventure Growth and Securities Limited offers a wide range of comprehensive advisory services that include trading in equity cash and derivatives markets, debt markets, commodities and currency futures segments, financing activities, wealth management, and distribution of financial products.
The services offered by the company are as follows
The company is based in Mumbai and operates through 126 business locations, including branches and authorized personnel across India.
As of 30 September 2023, the company has 105 employees in various department.
The objects of the Net Proceeds (as defined below) of the Issue are:
[Dilip Davda] The company is engaged in providing stock market related services and trading activities. It posted lucrative financial performance for the last two fiscals. The market price is kept above the RI price to tempt investors with vested interests. The RI appears fully priced. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Inventure Growth & Securities Rights Issue 2024 got oversubscribed by 1.17 times by the end of the bidding period with total bid quantity received by BSE and NSE of 24,47,52,913 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Aug 13 2024 17:00:00 | 15,75,11,073 | 8,72,41,840 | 24,47,52,913 | 1.17x |
Inventure Growth & Securities Ltd.
201, 2nd Floor, Viraj Tower
Near Landmark, Western Express Highway
Andheri – East, Mumbai - 400069
Andheri, Maharashtra, 400069
The Inventure Growth & Securities Rights Issue 2024 opens on Mon, Jul 15, 2024, and closes on Tue, Aug 13, 2024.
Inventure Growth & Securities Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Jul 10, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 7, 2024 |
| Issue Opening Date | Mon, Jul 15, 2024 |
| Issue Closing Date | Tue, Aug 13, 2024 |
| Date of Allotment (on or about) | Wed, Aug 21, 2024 |
| Date of Credit (on or about) | Mon, Aug 26, 2024 |
| Date of Listing (on or about) | Wed, Aug 28, 2024 |
You can apply for Inventure Growth & Securities Rights Issue 2024 in two ways:
Steps to apply for Inventure Growth & Securities Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Inventure Growth & Securities Rights Issue 2024 using Registrar's website (R-WAP)
